LAKE STATES DAIRY CENTER INC (EIN 352141464) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

STEVE BOS

Phone

2193945325

Tax Period

2023-01-01 to 2023-12-31

LAKE STATES DAIRY CENTER INC, founded in 2001, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.4M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $4.5M exceeded revenue, resulting in a 32% operating deficit.

Mission

THE ORGANIZATION EXISTS TO IMPLEMENT A DAIRY PROMOTION, RESEARCH AND EDUCATION PROGRAM IN INDIANA. THE CENTER CHARGES A NOMINAL FEE TO THE PUBLIC AND INCLUDES EDUCATION DISPLAYS AND BUS TOURS THROUGH AN OPERATING DAIRY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,437,407

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,437,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,508

Fundraising Expenses $0

Program Expenses $2,796,502

Other Expenses $4,428,901

TOTAL EXPENSES $4,546,409

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,437,407	$3,713,273	-0.1%
Expenses	$4,546,409	$4,107,442	+0.1%
Net Income	$-1,109,002	$-394,169	+1.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
STEVE BOS	BOARD MEMBER	Officer Director	$0	$0	$0
JOEL VAN RAVENSWAAY	BOARD MEMBER	Director	$0	$0	$0
MALCOLM DEKRYGER	BOARD MEMBER	Director	$0	$0	$0
JOLYNN GOSSER	BOARD MEMBER	Director	$0	$0	$0
FRED SCHAKEL	BOARD MEMBER	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,437,407	$4,546,409	$4,333,982	$-1,109,002
2022	$3,713,273	$4,107,442	$5,141,508	$-394,169
2021	$3,616,020	$3,657,347	$6,073,141	$-41,327
2020	$3,602,855	$3,266,651	$5,550,138	$336,204
2019	$4,214,050	$3,366,743	$6,194,896	$847,307
2018	$3,820,588	$3,215,542	$5,596,182	$605,046

LAKE STATES DAIRY CENTER INC